Bangladesh’s economic adviser Dr. Salehuddin Ahmed stated that the number of millionaire bank account holders has risen as individuals deposit long-hidden cash into banks. Speaking after a government procurement advisory meeting on December 9, he cited Bangladesh Bank data showing that accounts with deposits of at least one crore taka have surpassed 128,000.

According to the central bank’s latest report, total bank deposit accounts reached 174.6 million by September 2025, up by 5.6 million in three months. While small deposits are declining due to rising living costs, large deposits are increasing, reflecting widening income inequality. Banking officials clarified that not all crore-level accounts belong to individuals; many are held by corporations or government entities.

Economists note that the trend underscores the uneven impact of inflation and economic pressure. Wealthier groups continue to accumulate assets, while middle- and lower-income households deplete savings. The data suggest a growing concentration of financial resources among high-income earners, raising concerns about long-term economic inclusivity.

Bangladesh’s government has announced a new target of March 2026 to launch the long-anticipated direct rail service between Pabna and Dhaka. Sheikh Moinuddin, Special Assistant for Road, Bridge, and Rail Communication to the Chief Adviser, confirmed the revised timeline during a press briefing at the Pakshi West Zone Railway Office in Pabna on December 9. The project, initially expected to begin in late 2025, was delayed due to a shortage of train coaches and related logistical challenges.

Moinuddin explained that the railway department is preparing to resolve the coach shortage soon and begin operations by March 2026. He also mentioned that the underused railway station built for the Rooppur Nuclear Power Plant will be reviewed for potential integration into the new service. In addition, the government plans to upgrade Pabna’s main Abdul Hamid Road into a four-lane highway as part of a broader national infrastructure modernization initiative.

The announcement has renewed optimism among Pabna residents, who have long demanded improved connectivity with Dhaka. Officials expect the new service to enhance regional trade, reduce travel time, and support balanced economic growth across western Bangladesh.

The National Board of Revenue (NBR) of Bangladesh announced plans to register an additional 100,000 businesses for Value Added Tax (VAT) by the end of December. The initiative, revealed by NBR Chairman Abdur Rahman Khan during a press conference marking VAT Day, aims to expand the country’s tax base and address the low number of VAT-paying enterprises.

Currently, Bangladesh has about 644,000 VAT-registered businesses, which the chairman noted is significantly lower than the total number of active enterprises. The NBR will conduct a month-long special drive through its VAT commissionerates to meet the registration target. Khan acknowledged that a large number of businesses remain unregistered, indicating substantial untapped potential in VAT collection.

Looking ahead, the NBR expects to bring 3–4 million businesses under VAT registration within the next two years. Plans are also underway to introduce a simplified online “one-click” VAT return system for small enterprises. The authority will observe “VAT Week” from December 10 to 15 under the theme “Register on Time, Pay VAT Properly.”

Bangladesh’s mobile and gadget retailers have decided to continue their nationwide shutdown after a second round of talks with regulators failed to resolve disputes over the National Equipment Identity Registrar (NEIR) system. The Mobile Business Community Bangladesh (MBCB) said no positive outcome emerged from Tuesday’s meeting with the Bangladesh Telecommunication Regulatory Commission (BTRC), and stores will remain closed until further notice.

MBCB President Md. Aslam stated that another meeting is scheduled for Wednesday with representatives from the National Board of Revenue (NBR). He urged members to remain calm but warned of tougher protests if demands remain unmet. The standoff has disrupted business across the country and caused public inconvenience, especially after retailers began their protest outside the BTRC headquarters earlier this week.

A high-level meeting involving government advisers, NBR, the Commerce Ministry, mobile manufacturers, and MBCB representatives is expected on Wednesday to find a resolution. The ongoing impasse raises concerns about market stability and consumer access to mobile devices during the peak sales season.

The National Board of Revenue (NBR) of Bangladesh has announced the withdrawal of excise duty on air tickets for next year’s Hajj pilgrims. The directive, issued on December 9, takes immediate effect and will remain valid until June 30, 2025. The exemption means that pilgrims traveling to Saudi Arabia for Hajj will not have to pay the usual 5,000 taka excise duty on their flight tickets.

This is not the first time the NBR has introduced such a waiver; similar exemptions have been granted in previous years to ease the financial burden on pilgrims. Typically, the excise duty is collected at the time of ticket purchase and deposited into the national treasury. The measure is expected to reduce travel costs for thousands of Bangladeshi pilgrims preparing for the annual pilgrimage.

According to official estimates, 78,500 Bangladeshi pilgrims will be allowed to perform Hajj in 2025, which is expected to take place around May 26, depending on the lunar calendar.

Saudi Arabia and Qatar have formally signed an agreement to construct a high-speed electric passenger rail line connecting Riyadh and Doha, marking the first major infrastructure collaboration between the two Gulf nations once seen as fierce rivals. The project, announced on December 8 through Saudi state media, will link Riyadh’s King Salman International Airport with Doha’s Hamad International Airport, passing through Al-Hofuf and Dammam.

The train is expected to exceed speeds of 300 km/h, cutting travel time between the capitals to roughly two hours compared to the current 90-minute flight. The six-year project aims to transport 10 million passengers annually and create around 30,000 jobs across both countries. The agreement was signed during Saudi Crown Prince Mohammed bin Salman’s meeting with Qatari Emir Sheikh Tamim bin Hamad Al Thani in Riyadh.

Analysts view the deal as a symbol of improving Saudi-Qatari relations following years of diplomatic tension. It also aligns with broader Gulf initiatives to enhance regional connectivity and economic diversification under Saudi Vision 2030.

The Bangladesh Telecommunication Regulatory Commission (BTRC) on Monday held a crucial meeting with the Mobile Business Community Bangladesh (MBCB) at its Agargaon headquarters to address disputes surrounding the National Equipment Identity Registrar (NEIR) system. While discussions continued inside, hundreds of mobile traders gathered outside the BTRC building, staging a sit-in to press for reforms to the NEIR policy.

Traders argue that the NEIR’s implementation could harm thousands of small retailers and benefit only select groups, while also driving up handset prices for consumers due to increased taxes and regulatory costs. MBCB leaders emphasized their preference for a peaceful, negotiated resolution. In contrast, BTRC officials defended the NEIR as essential for curbing illegal handset imports, ensuring consumer safety, and improving transparency in device tracking.

A high-level joint meeting is scheduled for Tuesday to resolve the impasse, involving the Prime Minister’s economic adviser, the NBR chairman, the commerce secretary, and representatives from mobile manufacturers and traders. The outcome could determine the future of Bangladesh’s mobile phone retail market and regulatory environment.

A fisherman in Kaptai, Rangamati, caught a massive 23-kilogram Catla fish in the Karnaphuli River on Monday evening. The fish was netted near the Koila Depot Ghat area of Chandraghona Union’s Ward No. 3 by local fisherman Ujjal Mallik while he was fishing with a traditional net. Later that night, he sold the fish to local residents at 1,000 taka per kilogram, earning a total of 23,000 taka.

Speaking by phone on Tuesday, Mallik said he had gone fishing in the afternoon and was surprised by the size of the catch. He mentioned that this was not his first large catch—he had previously caught another 23-kilogram fish in the same river. Local residents gathered to see the rare catch, which drew attention for its size and price.

Such large fish are increasingly uncommon in the Karnaphuli River, highlighting both the river’s biodiversity and the challenges faced by local fishermen due to declining fish populations.

Each winter, New Delhi is engulfed in a thick layer of toxic smog that severely impacts public health, sending thousands to hospitals with respiratory illnesses. Despite repeated government pledges to combat air pollution, the Indian capital continues to record some of the world’s highest pollution levels, prompting growing fears that the city may soon become unliveable.

Experts attribute the recurring smog to a combination of vehicle emissions, industrial output, and seasonal crop burning in neighboring states. Residents have expressed frustration over what they see as inadequate enforcement of pollution controls and insufficient investment in cleaner energy alternatives. Environmental activists argue that policy measures have been reactive rather than preventive, with temporary school closures and traffic restrictions offering little long-term relief.

As public pressure mounts, authorities are under increasing scrutiny to deliver tangible improvements. Analysts warn that without systemic reforms and regional cooperation, New Delhi’s air quality crisis could deepen, threatening both economic productivity and the health of over 20 million residents.

Bangladesh’s prison authorities are preparing to launch a video calling system that will allow inmates to communicate with their families using IP phones. Currently, prisoners can make a 10-minute voice call every seven days for 10 taka through a fingerprint-based system. The new initiative will expand this service to include video calls, enabling inmates to see their relatives for 10 minutes each week at a cost of 15 taka.

Officials from the Department of Prisons said the move aims to reduce the financial and emotional burden on families who often travel long distances to visit inmates, spending an average of 3,000 taka per visit. The system will be centrally controlled through software, ensuring security and monitoring. Assistant Inspector General (Development) Md. Jannat-ul Farhad stated that the success of the fingerprint-based calling system encouraged the adoption of IP-based video communication.

Authorities believe the video call service will modernize prison communication, reduce inmate isolation, and strengthen family ties. The installation of IP phones across all prisons is expected to begin soon.

India’s largest airline, IndiGo, has canceled around 2,000 flights nationwide, disrupting travel plans for thousands of passengers. The cancellations, caused by pilot shortages and failure to comply with new duty-time regulations, have led to chaos at airports and significant delays. With a 65% share of India’s domestic market, IndiGo’s operational breakdown has had a cascading effect across the country’s aviation network.

The crisis comes as rival Air India, holding 27% of the market, faces scrutiny over poor service and recent safety incidents. The government has temporarily eased pilot fatigue management rules to stabilize operations. Industry experts warn that IndiGo’s dominance—along with Air India’s presence—creates a near-duopoly, leaving the entire sector vulnerable to disruptions. Refund losses have already reached $68 million, and on-time performance has dropped to just 3.7%.

Analysts say the episode highlights structural weaknesses in India’s civil aviation system, where overreliance on a single carrier poses systemic risks. The government may face pressure to diversify competition and strengthen regulatory oversight.

The diamond polishing hub of Surat, India, is facing an unprecedented crisis as new US tariffs and global demand slumps cripple the industry. Once a symbol of upward mobility for rural migrants, the city’s diamond sector has seen massive layoffs, with nearly 400,000 workers affected by job losses, pay cuts, or reduced hours. Families like that of Alpesh Bhai, who once afforded private schooling for their children, are now struggling to cover basic needs after losing stable incomes.

The crisis deepened after the United States imposed 50 percent tariffs on Indian diamond exports, compounding earlier disruptions from Russia’s invasion of Ukraine and weakened demand in China and the US. Government data show hundreds of children have dropped out or shifted from private to public schools, where education quality remains poor. The Gujarat government’s relief package, covering one year of school fees for unemployed diamond workers’ children, has reached only a fraction of applicants, leaving many excluded.

Union leaders warn of growing mental health distress, with more than 70 suicides among diamond workers reported in 2024. The industry’s recovery remains uncertain, as families continue to bear the social and educational costs of a collapsing export market.

A magnitude 7.5 earthquake struck off the northeastern coast of Japan late Monday, injuring at least 23 people and prompting tsunami warnings across several prefectures. The Japan Meteorological Agency (JMA) initially warned of waves up to three meters high for Hokkaido, Aomori, and Iwate, but later downgraded the alerts to advisories after smaller waves of 20 to 70 centimeters were observed. The quake’s epicenter was located about 80 kilometers off Aomori at a depth of 50 kilometers.

Authorities reported power outages affecting around 800 homes, with nearly 480 residents seeking shelter at a local airbase. Prime Minister Sanae Takaichi urged residents to evacuate to higher ground, while Defense Minister Shinjiro Koizumi deployed 18 helicopters for damage assessment. Train services were suspended, and about 200 passengers were stranded overnight at Hokkaido’s New Chitose Airport. The International Atomic Energy Agency confirmed no abnormalities at nearby nuclear plants, including Fukushima.

Japan, situated along the seismically active Ring of Fire, experiences roughly 20 percent of the world’s major earthquakes. The latest tremor revived memories of the catastrophic 2011 quake and tsunami that devastated the Tohoku region.

Bangladesh Bank has released a new report estimating the total assets of the country’s financial sector at Tk 42.42 trillion as of June 2025. The figure includes banks, non-bank financial institutions (NBFIs), insurance companies, and capital market entities. About 96% of these assets are held by the banking sector, while insurance and capital market institutions account for less than 3%. However, economists warn that the reported figure represents gross assets and may not reflect the true financial health of the sector.

Experts, including former Bangladesh Bank chief economist Dr. Mustafa K. Mujeri, have questioned the reliability of the data, citing massive loan defaults and corruption across financial institutions. Non-performing loans now exceed Tk 6.4 trillion, with over one-third of NBFI loans in default. Mujeri and others argue that only forensic audits can reveal the real asset value, but such efforts remain limited. The central bank says it plans to expand data coverage in future surveys to improve accuracy.

The findings highlight deep structural weaknesses in Bangladesh’s financial governance. Analysts urge the interim government and regulators to strengthen oversight, enforce transparency, and restore public confidence before further instability spreads across the sector.

A 3.7 magnitude earthquake struck Myanmar late on Monday night, according to the National Center for Seismology (NCS) as reported by ANI. The quake occurred at a depth of about 30 kilometers beneath the surface and was recorded at 2:21 a.m. local time. Earlier the same day, a smaller 3.5 magnitude tremor had been reported in the same region at a depth of 10 kilometers.

The NCS confirmed the seismic activity through a post on social media platform X, noting that no immediate reports of casualties or damage had been received. Some social media users claimed that the tremors were also felt in parts of Bangladesh, including Chattogram and Rangamati, though these reports remain unverified.

Seismologists noted that Myanmar lies in a seismically active zone where moderate quakes are relatively common. Authorities are monitoring the situation for any aftershocks or structural impacts, while regional disaster agencies have been placed on alert.